TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, ICMA_CM, City Manager
FROM: Robert Van Geons, President and CEO, Fayetteville Cumberland Economic Development Corporation
DATE: December 9, 2024
RE:
Title
Fayetteville Cumberland Economic Development Corporation 2024 Annual Report
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal IV: The City of Fayetteville will be a highly desirable place to live, work and recreate.
Executive Summary:
City Council requested an annual report of activities by the Fayetteville Cumberland Economic Development Corporation (FCEDC) for the 2024 calendar year.
Background:
FCEDC is a 501c6 public-private partnership designed to enhance job growth and prosperity across our community by attracting new investment, while expanding existing industry. Our team works to help strengthen our economy and diversify our community’s tax base. We identify and prepare properties for expedited development and support existing companies by facilitating expansions and connecting them with resources.
Issues/Analysis:
None.
Budget Impact:
None.
Options:
1. Receive the report provided.
2. Do not receive the report and provide direction to staff.
Recommended Action:
Staff recommends that Council move to accept the report as provided.
Attachments:
City Boards & Commissions Report Dec 2024
FCEDC Infographic Nov 2024
FCEDC BC Report to City Council 2024